CBOT pitches ins. futures as reinsurance alternative. (Chicago Board of Trade): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on December 7, 1992. The length of the article is 618 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Chicago Board of Trade will begin trading in catastrophic insurance options and futures in 1993, initiating the use of exchange-traded products designed for the insurance industry. Property and casualty insurance companies, which suffered heavy losses from Hurricane Andrew, welcome the innovation as an alternative to the dwindling reinsurance market. The futures market is expected to provide a cost-effective answer to problems created by a lowered domestic and London reinsurance capacity and a greater insurance industry need to offset underwriting risks.

Citation Details
Title: CBOT pitches ins. futures as reinsurance alternative. (Chicago Board of Trade)
Author: Brian Cox
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 7, 1992
Publisher: The National Underwriter Company
Issue: n49 Page: p2(2)

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